International Journal of Advanced Studies in Economics and Public Sector Management最新文献

{"title":"MONETARY POLICY AND ECONOMIC GROWTH OF NIGERIA: TIME-SERIES EVIDENCE FROM NIGERIA (1981-2022)","authors":"F Osunkwo, Kalu Uke, Pamela Omoruyi","doi":"10.48028/iiprds/ijasepsm.v11.i2.02","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i2.02","url":null,"abstract":"The study examined the impact of monetary policy on the economic growth of Nigeria; for the period 1981-2022. The study used Gross Domestic Product as a proxy for economic growth and employed it as the dependent variable; whereas, monetary policy rate, Cash Reserve Ratio, Treasury Bills, and liquidity rate respectively were used as the explanatory variables to measure monetary policy. Hypotheses formulated were tested using Autoregressive Distributed Lagged (ARDL) Bound co-integration test ECM. The study revealed that the Cash reserve ratio (CRR) and Treasury Bill Rate (TBR) were positive and statistically significant on Gross Domestic Product in Nigeria. Monetary Policy Rate (MPR) has a negative and is statistically significant to economic growth in Nigeria. While the Liquidity ratio had a negative and insignificant impact on Gross Domestic Product in Nigeria. The ECM result reveals that the error correction term is negative and statistically significant, and this corroborates and shows evidence of a certain return to the short-run equilibrium in the model. Therefore, the study recommends that monetary authorities should give priority attention to CRR and TBR monetary policy tools as they will produce a more desirable result in terms of economic stabilization.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136231044","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EFFECT OF DEBT SERVICE ON INFRASTRUCTURAL DEVELOPMENT IN NIGERIA","authors":"Kingsley Amadi, Atabani Agya","doi":"10.48028/iiprds/ijasepsm.v11.i2.01","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i2.01","url":null,"abstract":"The study examines the effect of debt services on infrastructural development in Nigeria. The increase in debt services has been worrisome; recently Nigeria’s debt service has astronomically increased without interruption. This uninterrupted increase of debt service has resulted to decrease in infrastructure, consequently, decreasing private investment and aggregate demand, thus, increasing unemployment in the country. The study employed an econometric model to test a long run relationship between debt services and infrastructural development and found a long run relationship. The study also found a negative and statistically significant relationship between debt services and infrastructure in Nigeria. Based on the findings, the study recommended that government should look for alternative means of raising fund rather than borrowing.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"115 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136231645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ENERGY CONSUMPTION AND LIFE EXPECTANCY IN NIGERIA","authors":"Jebbin Felix, Adebisi Adeola","doi":"10.48028/iiprds/ijasepsm.v11.i2.05","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i2.05","url":null,"abstract":"This study examined the effect of energy consumption (decomposed into renewable and non-renewable energy) on life expectancy in Nigeria from 1981 to 2022. The data for the study is sourced from Central Bank Statistical Bulletin. Energy consumption is proxied by Alternative and Nuclear Energy (ANE), Per Capita Electricity Consumption (CPN) and Fossil Fuel Energy Consumption (FEN), while Life expectancy is proxied by life expectancy at birth. The variables were subjected to stationarity tests and the result shows that the variables were integrated of mixed order of integration (level i(0) & first difference i(1)). This justified the adoption of the Autoregressive Distributed Lag (ARDL) as technique of analysis. The ARDL Bounds test result indicates that long-run relationship exist among the variables in the model. The long result showed that Per Capita Electricity Consumption (EPN) and Per Capita Income (PCI) have positive effect on life expectancy, while Fossil Fuel Energy, Trade Openness, and Alternative and Nuclear Energy (ANE) have negative effect on Life Expectancy in Nigeria. The short run result also shows that per capita electricity consumption has positive effect on life expectancy, while fossil fuel energy consumption and trade openness have negative effect on life expectancy in Nigeria. The study concludes per capital electricity consumption affects life expectancy positively, while fossil fuel energy consumption and alternative and nuclear energy affect life expectancy negatively in Nigeria. This study therefore recommends the adoption of green energy consumption as to improve life expectancy in Nigeria","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136231648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"INVESTMENT IN EMERGING AND DEVELOPING ECONOMIES: REVERSION TO TREND IS NOT ENOUGH","authors":"Kersten Stamm, Dana Vorisek","doi":"10.48028/iiprds/ijasepsm.v11.i2.03","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i2.03","url":null,"abstract":"Investment in emerging market and developing economies (EMDEs) is projected to grow at a pace below the average rate of the past two decades through the medium term, after declining in the majority of countries during the pandemic. This outlook for investment is unwelcome news on several counts. Whether the policy priority is bolstering resilience to climate change, improving social conditions, smoothing the transition away from growth driven by natural resources, or supporting long-term per capita income growth, investment (gross fixed capital formation, or buildings, machinery, equipment, and intangible assets used for more than one year) is critical.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135563367","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"NEW MEDIA, INTERNET AND DIGITAL MEDIA: A NEW TRENDS IN ADVERTISING INDUSTRY IN DEVELOPING COUNTRIES (STUDY OF OMEL ARTS AND ADVERTISING AGENGY)","authors":"Samaila Mande, Olaide Taofeek, F. Oko","doi":"10.48028/iiprds/ijasepsm.v11.i1.03","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i1.03","url":null,"abstract":"The study investigates the impact of new media, internet, and digital media as a new trend in advertising industry in developing countries. A total of 60 questionnaires were used in collecting data for the study and descriptive methodology was adopted and SPSS and Pearson product moment correlation was used to test the formulated hypotheses. The study’s findings showed that, there is significant impact of new media in advertising industry as it ensures return on investment, creativity and innovations in the industry and effective planning and execution of media campaign. Based on the findings of the study concluded that new media, internet and digital media assist the advertising agencies in innovating good quality advertisements ,ensures companies and customers interaction and conveyed messages fast to the specified target audience ,and is wider reach .The study recommended that ,advertising agencies in developing countries should adopt the use of internet advertising ,new and digital media as one of the marketing communication tools in developing countries and policy on creativity and innovations in new digital media and internet advertising using innovative and sophisticated digital technologies .Also ,world Federation of advertisers must ensure collaboration and co-operation of developed and developing countries advertising regulators so as to tap wealth of knowledge and experiences in new digital media practices and usage regarding new media ,internet advertising and digital media.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"90 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127030847","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"TRANSPARENCY, GOVERNANCE AND FISCAL SUSTAINABILITY NEXUS: THE NIGERIA SCENARIO","authors":"R. Kyarem, Lawal Omotayo","doi":"10.48028/iiprds/ijasepsm.v11.i1.12","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i1.12","url":null,"abstract":"The problem of fiscal unsustainability has become pronounced in Nigeria. The role of policy makers and the availability of essential information on the economy seem to be major causes of this ominous predicament. This paper aimed at investigating the causal relationship between transparency, governance and fiscal sustainability in Nigeria from 1996 to 2021, using a vector auto regression framework. The empirical results confirm a cointegration relationship between transparency, governance and fiscal sustainability. The flow of causality between control of corruption and fiscal sustainability appears to be mixed. At 1 lag, control of corruption granger causes fiscal sustainability, while at 2 lags, fiscal sustainability granger causes control of corruption at 5% and 10% significance levels. Results of the impulse response functions suggest that one standard deviation innovation on fiscal sustainability reduces fiscal deficit in the medium and long term, while results of the variance decomposition indicate that a significant variation in Nigeria’s fiscal sustainability is not attributable to changes in the political stability. It is recommended that for fiscal sustainability to be improved and sustained, mechanisms which deliberately seek to enhance improved level of fiscal discipline in the country should be employed. It is also imperative for more institutionalized policies that can improve transparency and promote inclusive governance that can curb fiscal indiscipline like budget deficit in view of stimulating fiscal sustainability in Nigeria.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130581303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"EFFECT OF LIQUIDITY RISK ON THE FINANCIAL PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA","authors":"Uchenna Uwaleke, O. Akinnagbe","doi":"10.48028/iiprds/ijasepsm.v11.i1.06","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i1.06","url":null,"abstract":"This study investigates the effect of liquidity risk on the performance of listed deposit money banks in Nigeria. The research adopts ex post facto research design. The target population comprised of the 13 deposit money banks listed on the Nigeria Exchange Limited (NGX) between 2006 - 2021. Secondary data was collected from the audited annual reports of the listed deposit money banks and the Central Bank of Nigeria. The study measure liquidity using loan-to-deposit-ratio, loan to assets ratio, and cash reserve ratio on the financial performance of listed deposit money banks in Nigeria. The study measured financial performance using return on equity (ROE) while panel data analysis technique and OLS method was used to analyse the data with the aid of STATA Version 15. The result of the study revealed that, loan to asset ratio and cash reserve ratio have significant positive effect on return on equity of listed deposit money banks in the long-run and short-run. However, loan-to-deposit-ratio was not significant. The study concluded that loan to asset ratio and cash reserve ratio had a positive and significant effect on the financial performance of listed deposit money banks in Nigeria. Amongst others, the study recommended that, listed deposit money banks should identify and maintain optimal levels of cash reserve to gauge against unanticipated medium to long-term liquidity funding to maximize their profitability.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121727585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"NIGERIA CURRENCY REDESIGN AND ITS ANTICIPATED EFFECTS ON THE NATION’S SMALL BUSINESS DEVELOPMENT","authors":"C. Otubor, Sa’idu Abubakar, I. Idris, B. Philemon, Osaretin Imahiyereobo, O. Matthew","doi":"10.48028/iiprds/ijasepsm.v11.i1.01","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i1.01","url":null,"abstract":"Nigeria is one country that embarked on strategies to improve its financial policies and in the run, anticipated to grow the economy of the Nation. One of these policies was the recent 2022 redesign of the Nation’s currency in (₦200, ₦500, ₦1000 notes), launched on Wednesday, November 22, 2022. However, the small businesses in Nigeria viewed this policy with much mixed feelings, Reviewed literature was carried out. Small businesses developmental positions much more depended on the form of money in circulation, its acceptability, availability and how it was managed by the monetary authorities. The study adopted the descriptive survey design with a population of 2,850,900, adopted Yamane formula to arrive at a sample size of 400. Simple random sampling method was used for the selection of respondents with a distribution of 740 copies of questionnaire, self-administered and 620 responded and retrieved from small businesses. The source of data was primary. A five-point Likert-scale nature of questionnaire was adopted, validated by four distinguished lecturers. The method of data analysis was by linear regression. Findings showed that small businesses developmental planning would negatively be affected for they were not consulted for ideas at the initial point of conception of the process of currency redesign, during the redesign process and final launched of the currency hence small businesses were at serious risk of losing their developments’ planning initiative results. Also, small businesses would seriously lose their customers base astronomically having serious money exchange challenge with their individual and collective customers because of the very short period given by the Central Bank of Nigeria (CBN) for the fading out of the old currency designed to the new currency redesigned. In conclusion, it must be said that the Central Bank of Nigeria could have a better intention on the redesign of the currency. More so, the approach to its public engagements and public notifications were graced with mixed feelings. Recommended are that the Central Bank of Nigeria should quickly consult small businesses in all the processes on the redesign of the currency to help these small businesses in their developmental planning. Also, the Central Bank of Nigeria should give longer period for the fading out of the old currency designed to the new currency redesigned so that small businesses would not seriously lose their customers’ base astronomically.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126611442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"CONSUMER BRAND PERCEPTION VARIABLES AND PURCHASE INTENTION OF SELECTED FAST-MOVING CONSUMER GOODS FIRMS IN LAGOS STATE, NIGERIA","authors":"Abosede Omokorede, M. Kabuoh","doi":"10.48028/iiprds/ijasepsm.v11.i1.09","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i1.09","url":null,"abstract":"The role of consumers in product purchase is critical as the success of any firm depends majorly on how the brand is perceived and the intention to purchase such product. However most firms do not position their products in the minds of the consumers which consequently results to little or non-brand perception as well as non-purchase intention by consumers. This study investigated the effect of consumer brand perception variables and purchase intention of selected fast-moving consumer goods (FMCGs) firms in Lagos State, Nigeria. Survey research design was adopted for this study. The population of the study was 1,774,657 consumers of fast-moving consumer goods firms that reside in different local governments of the different five regions in Lagos state Nigeria, and a sample size of 499 was determined using Krejcie and Morgan. Primary source of data was adopted with a validated and instrument with a Cronbach alpha value greater than 0.7. Both descriptive and inferential tools were used for the data analysis. Multiple regression analysis was used to determine the effect of the independent sub-variables on the dependent variable using Statistical Package for Social Science (SPSS) version 27. The study indicated that consumer brand perception variables have significant effect on the purchase intention of selected fast-moving consumer goods firms in Lagos State, Nigeria (Adj. R2 = 0.573; F (4, 425) = 106.412, p < 0.05). The study concluded that consumer brand perception has significant effect on the purchase intention of selected fast-moving consumer goods firms in Lagos State, Nigeria. The study recommended that management of fast-moving consumer goods firms should prioritize developing and maintaining strong brand perception among consumers which will enhance purchase intention and firm’s profitability.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132276423","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"THE MEDIATING ROLE OF ENTREPRENEURIAL PASSION ON PERCEIVED DESIRABILITY-FEASIBILITY AND PROPENSITY TO ACTS ON STUDENTS’ BUSINESS STARTUP INTENTION","authors":"Aderonke Folagbade, M. Goyit, Jonathan Linus","doi":"10.48028/iiprds/ijasepsm.v11.i1.07","DOIUrl":"https://doi.org/10.48028/iiprds/ijasepsm.v11.i1.07","url":null,"abstract":"This study investigated the mediating role of entrepreneurial passion on startup intention of students and intention antecedents (perceived desirability-feasibility and propensity to act). The study follows a descriptive survey where the quantitative approach was employed, and the data was analyzed using Hierarchical regression analysis. Results revealed that perceived desirability-feasibility and propensity to act significantly and positively influence startup intention of students. Also, entrepreneurial passion mediates on perceived desirability- feasibility but not on propensity to act. Like any other research, this study is limited in the following ways: Since only a single research methodological approach was employed, future researchers could undertake a mixed approach and triangulate to validate the findings. Furthermore, a longitudinal approach could be employed to study the passion effect on entrepreneurial intention antecedents and student’s startup intention over the years. Finally, learning orientation, psychological capital and other factors may contribute to explaining the influence of entrepreneurial passion on intention antecedents and startup intentions of students.","PeriodicalId":286633,"journal":{"name":"International Journal of Advanced Studies in Economics and Public Sector Management","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115420125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}